bitcoin, the blockchain, and cryptocurrency

[BurtReynolds]

what you think? I bought a little bitcoin last year just to play around, and holy shit. I've been expecting a bit of a crash to buy again, but its hanging in there.

[Anders]

It has clearly been a great investment for many people.

http://m.gulfnews.com/business/economy/ ... -1.2032051

[simple schoolboy]

Didn't Ehtereum have some security issues recently?

[BurtReynolds]

If Amazon jumps on board, I'm buying a Lamborghini.

[Bi_3]

The beanie babies of our time. Block chain tech will be used in lots of places, but it is highly unlikely that any supranational currency will be used for day to day transactions.

[washing machine]

I had a feeling this was a Burt thread before I read the author.

When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.

[BurtReynolds]

Block chain tech will be used in lots of places...

I've heard about Steemit and a couple of other social networks that use it to pay content providers. I doubt it will take off, but who knows. It seems really confusing, though.

[Sgt. Crackpot]

Western Union is far superior that any other payment method.

[BurtReynolds]

I had a feeling this was a Burt thread before I read the author.

When I forgot my debit card the other day the guy behind the counter at the coffee shop told me they accept all forms of payment, even bitcoin. I wasn't sure if he was serious or not. I really don't know what bitcoin is. I ended up using Apple Pay.

A lot of places take it these days, and you can buy pretty much anything online with it, but the wild swings in value must make it hard to price anything with. It seems like it needs the dollar or some other fiat money around to work.

[BurtReynolds]

Western Union is far superior that any other payment method.

How many Western Unionbucks were you paid to make that post?

[Jorge]

Just tell me when to sell. Is now good? Feels like now is good

[BurtReynolds]

[E.H. Ruddock]

Bitcoin will be worthless when the grid goes down

[BurtReynolds]

Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

[E.H. Ruddock]

Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

You also need to add antibiotics, fuel, and solar generators to your portfolio, Burt.

[BurtReynolds]

Bitcoin will be worthless when the grid goes down

I'll try to exchange it for gold and ammo just before.

You also need to add antibiotics, fuel, and solar generators to your portfolio, Burt.

I'll use the ammo to diversify my portfolio after.

[washing machine]

Give me the gist of bitcoin in a five sentence post. Then edit it to include three sentences on the blockchain after someone posts below it. Please and thank you.

[BurtReynolds]

It might be more useful to define a blockchain first: Essentially a decentralized database that acts as an tamperproof ledger that eliminates the need for middlemen, brokers, government agencies, etc. Digital currencies use this technology, but one can see its uses in many areas.

Centralized intermediaries are susceptible to hacking, corruption, fraud, etc and require fees to fund them. A blockchain has none of these disadvantages.

Full disclosure: I am Satoshi Nakamoto.

[Sgt. Crackpot]

Bottlecaps FTW.

[BurtReynolds]

Speaking of Western Union, they make a fortune off of remittances to the 3rd world. They become entirely obsolete with digital currency.

aw shit son, you just got ＤＩＳＲＵＰＴＥＤ.